Brief: Taoping Inc Signs LOI To Acquire Majority Ownership Of Yunnan Taoping IoT Limited
06/08/2021 13:20
Aug 6 (Reuters) - Taoping Inc TAOP.O :
* TAOPING INC - SIGNS LOI TO ACQUIRE MAJORITY OWNERSHIP OF
YUNNAN
TAOPING IOT LIMITED TO EXPAND SOUTHWEST CHINA MARKET
* TAOPING INC - PURCHASE PRICE, TO BE DETERMINED BY TWO
PARTIES
AFTER COMPLETION OF DUE DILIGENCE, WILL BE PAID IN FORM OF
ORDINARY SHARES OF TAOP
* TAOPING INC - LOI TO ACQUIRE ADDITIONAL EQUITY INTERESTS
AND
INCREASE ITS OWNERSHIP OF YUNNAN TAOPING TO NO LESS THAN 51%
Source text for Eikon: ID:nGNX6sfChP
Further company coverage: TAOP.O
((Reuters.Briefs@thomsonreuters.com;))